Choate Investment Advisors Lowered Stake in Analog Devices INC (ADI) by $3.66 Billion as Stock Price Declined

January 22, 2018 - By Darrin Black

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.07, from 1.14 in 2017Q2. It increased, as 45 investors sold ADI shares while 232 reduced holdings. 100 funds opened positions while 234 raised stakes. 315.41 million shares or 0.53% more from 313.75 million shares in 2017Q2 were reported. Tdam Usa Inc accumulated 0.1% or 19,649 shares. Tci Wealth Advsr reported 0% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI). Deutsche Financial Bank Ag stated it has 0.08% in Analog Devices, Inc. (NASDAQ:ADI). Boothbay Fund Mngmt Limited Liability Corporation stated it has 0.35% in Analog Devices, Inc. (NASDAQ:ADI). Epoch Invest Ptnrs owns 0.1% invested in Analog Devices, Inc. (NASDAQ:ADI) for 358,406 shares. State Board Of Administration Of Florida Retirement System reported 505,611 shares. Riverbridge Prns Limited Liability accumulated 336,112 shares. Fifth Third Natl Bank holds 0.03% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 53,581 shares. Notis reported 1.88% stake. Hilltop Holdings holds 0.09% of its portfolio in Analog Devices, Inc. (NASDAQ:ADI) for 3,577 shares. Dana Investment Advsrs holds 0.1% or 24,484 shares. Denver Limited Liability Co holds 7,336 shares or 0.03% of its portfolio. Hl Service Ltd Limited Liability Company invested in 2,831 shares or 0% of the stock. Mufg Americas Holdings has 200,646 shares for 0.55% of their portfolio. Buckingham Cap holds 0.97% or 50,986 shares in its portfolio.

Since August 21, 2017, it had 0 insider purchases, and 21 sales for $17.68 million activity. $1.13M worth of Analog Devices, Inc. (NASDAQ:ADI) was sold by CHAMPY JAMES. 11,280 Analog Devices, Inc. (NASDAQ:ADI) shares with value of $944,824 were sold by Hassett Joseph. On Friday, September 15 the insider STATA RAY sold $2.09M. $785,759 worth of stock was sold by NOVICH NEIL S on Wednesday, September 20. Another trade for 7,000 shares valued at $640,640 was made by SEIF MARGARET K on Friday, January 5. $539,439 worth of Analog Devices, Inc. (NASDAQ:ADI) shares were sold by Henderson Gregory N..

Choate Investment Advisors decreased its stake in Analog Devices Inc (ADI) by 14.5% based on its latest 2017Q3 regulatory filing with the SEC. Choate Investment Advisors sold 42,492 shares as the company’s stock declined 1.50% while stock markets rallied. The institutional investor held 250,597 shares of the technology company at the end of 2017Q3, valued at $21.59B, down from 293,089 at the end of the previous reported quarter. Choate Investment Advisors who had been investing in Analog Devices Inc for a number of months, seems to be less bullish one the $35.65B market cap company. The stock increased 0.58% or $0.555 during the last trading session, reaching $96.695. About 2.54 million shares traded. Analog Devices, Inc. (NASDAQ:ADI) has risen 45.85% since January 22, 2017 and is uptrending. It has outperformed by 29.15% the S&P500.

Choate Investment Advisors, which manages about $3.44 billion and $1850.04 billion US Long portfolio, upped its stake in First Tr Dow Jones Internet Index Fd (FDN) by 54,500 shares to 71,445 shares, valued at $7.31 billion in 2017Q3, according to the filing. It also increased its holding in General Mls Inc (NYSE:GIS) by 65,887 shares in the quarter, for a total of 83,046 shares, and has risen its stake in Glaxo Smithkline Spons Adr (NYSE:GSK).

Analysts await Analog Devices, Inc. (NASDAQ:ADI) to report earnings on February, 21. They expect $1.29 earnings per share, up 37.23 % or $0.35 from last year’s $0.94 per share. ADI’s profit will be $475.54M for 18.74 P/E if the $1.29 EPS becomes a reality. After $1.45 actual earnings per share reported by Analog Devices, Inc. for the previous quarter, Wall Street now forecasts -11.03 % negative EPS growth.

More news for Analog Devices, Inc. (NASDAQ:ADI) were recently published by: Nasdaq.com, which released: “The Zacks Analyst Blog Highlights: Alphabet, SMART Global, Analog Devices and …” on January 22, 2018. Valuewalk.com‘s article titled: “Analog Devices Inc (ADI) Activist Update – Activist Investor (13D/13G) Filings …” and published on January 17, 2018 is yet another important article.

Analog Devices, Inc. (NASDAQ:ADI) Ratings Coverage

Among 30 analysts covering Analog Devices (NASDAQ:ADI), 18 have Buy rating, 0 Sell and 12 Hold. Therefore 60% are positive. Analog Devices has $112.0 highest and $50 lowest target. $86.07’s average target is -10.99% below currents $96.695 stock price. Analog Devices had 113 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by KeyBanc Capital Markets given on Wednesday, August 30. The rating was maintained by Drexel Hamilton on Tuesday, November 21 with “Buy”. The rating was maintained by Jefferies with “Buy” on Monday, September 11. Barclays Capital downgraded Analog Devices, Inc. (NASDAQ:ADI) on Friday, December 4 to “Equal-Weight” rating. On Thursday, August 24 the stock rating was maintained by B. Riley & Co with “Buy”. As per Wednesday, July 27, the company rating was maintained by Barclays Capital. RBC Capital Markets maintained Analog Devices, Inc. (NASDAQ:ADI) on Monday, January 18 with “Outperform” rating. The firm earned “Overweight” rating on Wednesday, July 27 by Morgan Stanley. The rating was maintained by Oppenheimer on Friday, November 17 with “Buy”. The stock of Analog Devices, Inc. (NASDAQ:ADI) earned “Outperform” rating by RBC Capital Markets on Friday, July 1.

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